Chart of the week: the monster gains in tech stocks

The past few years have seen a major global tech-stock boom, with the world's eight biggest firms collectively gaining around $1.7trn in market value.

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The past few years have seen a major global tech-stock boom. The eight biggest tech firms comprise Facebook, Alphabet (Google's holding company), Apple, Netflix, Amazon and China's big three, Baidu, Alibaba and Tencent. In 2017, these eight stocks collectively gained around $1.7trn in market value. To put this sum in context, says Sofia Horta E Costa on Bloomberg, it's higher than the total value of the 30 companies in Germany's benchmark Dax index, and eclipses Canada's annual GDP. It also took Pimco, a giant fund manager, 46 years to amass $1.7trn in assets.

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